Uploaded on Aug 1, 2023
The first step of development is designing business model canvas. The 9 components will assist you in creating a marketplace business model. Learn More: https://www.qoreups.com/academy/design-right-marketplace-business-model/
How To Design The Right Marketplace Business Model
Online Marketplace
Business Model
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About Online
Marketplace Business
Models
1. A marketplace business model is a platform that
connects buyers and sellers, enabling them to transact
goods or services.
2. Today, we will explore the key components of a
marketplace business model canvas.
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Desirability
Customer Segments Value Proportions
Specific groups of customers Unique benefits that
targeted based on their needs differentiate the company's
and preferences. offerings from competitors'.
Customer
Channels
Relationships
The various ways through
The type of interaction and
which the business delivers
support provided to customers
its value proposition to
during their journey.
customers.
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Feasibility
Key
Key Resources
Critical assets, Partnership
capabilities, and External organizations or
resources required for partners that collaborate
the business to function to enhance the business's
effectively. Key Activities operations.
Core processes and
actions necessary for
the business's
successful operation.
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Viability
Revenue
Cost Structure
Streams
Different sources of Major expenses and cost
income generation for the drivers associated with
business. running the business.
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Key Key Value Customer Customer
Partners Activities Proportions Relationship
What Bkey actuivities sdo ouir ne SegmentsWhat vsalue dso we deMliver to thoe dWhaet type lof r elaCtionship For whomWho are our key partners? anva are wse cre ating value? value propositions require? customer? does each of our customer Who are our most important
Who are our key suppliers? Our distribution channels? Which one of our customer’s segments expect us to customers?
Which key resources are we acquiring for Customer relationships? problems are we helping to establish and maintain with
them? Revenue streams? solve? them?
What bundles of products and Which ones have we
services are we offering to each established?
customer segment?
Which customer needs are we
satisfying?
Key Resources Channels
What key resources do our Through which channels do
value propositions require? our customer segments want
to be reached?
How are we reaching them
now? How are our channels
integrated?
Which ones work best?
Which ones are most cost-
efficient? How are we
integrating them with
customer routines?
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Customer Segments
Customer
Segments
For whom are we creating
value? 1. Identify and understand your target
Who are our most
important customers? audience.
2. Examples: Individual consumers,
businesses, freelancers, etc.
3. Segment customers based on
demographics, preferences, and
needs.
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Value Proportions
Value
Proportions
1. Clearly articulate the unique value What value do we deliver
your marketplace offers to to the customer?
customers. Which one of our
customer’s problems are
2. Focus on benefits, convenience, we helping to solve?
cost savings, or specialized What bundles of products
services. and services are we offering to each customer
3. Differentiate yourself from segment?
competitors to attract and retain Which customer needs
are we satisfying?
customers.
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Customer Relationship
Customer
Relationship
What type of relationship
does each of our
customer segments 1. Establish strong connections with
expect us to establish and customers to foster trust and
maintain with them?
Which ones have we loyalty.
established? 2. Provide excellent customer support
How are they integrated through various channels.
with the rest of our
business model? 3. Encourage feedback, address
How costly are they? concerns, and enhance the user
experience.
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Channels
Channels
Through which channels
do our customer
segments want to be
1. Determine the most effective reached?
channels to reach and engage with How are we reaching
customers. them now? How are our
channels integrated?
2. Examples: Website, mobile app, Which ones work best?
social media, email marketing, etc. Which ones are most
3. Utilize multiple channels to increase cost-efficient? How are we
integrating them with
visibility and accessibility. customer routines?
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Key Resources
Key
Resources
1. Identify the essential resources
What key resources do required to operate your
our value propositions
require? marketplace.
2. Examples: Technology infrastructure,
website/app development, customer
support team, etc.
3. Ensure you have the necessary
resources to deliver your value
proposition.
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Key Activities
Key
Activities
1. Identify the core activities
What key activities do our
necessary for your marketplace to value propositions
function. require?
2. Examples: Onboarding sellers, Our distribution channels?
Customer relationships?
managing listings, facilitating Revenue streams?
transactions, etc.
3. Focus on activities that create
value for both buyers and sellers.
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Key Partners
Key
Partners
Who are our key 1. Establish strategic partnerships to
partners?
Who are our key enhance your marketplace
suppliers? ecosystem.
Which key resources are
we acquiring for them? 2. Collaborate with suppliers,
logistics providers, payment
gateways, etc.
3. Leverage partnerships to improve
service quality and expand
offerings.
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Cost Structure
Cost
Structure
1. Identify and manage your What are the most
marketplace's cost structure. important costs inherent
in our business model?
2. Examples: Technology development Which key resources are
and maintenance, marketing the most expensive?
expenses, operational costs, etc. Which key activities are
the most expensive?
3. Optimize costs while ensuring the
quality and scalability of your
marketplace.
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Revenue Streams
Revenue
Streams
For what value are our 1. Determine how your marketplace
customers really willing to generates revenue.
pay? For what do they
currently pay? How are 2. Examples: service fees from users,
they currently paying? subscription fees, advertising,
How would they prefer to commission fees from vendors, etc.
pay? How much does
each revenue stream 3. Explore various monetization models
contribute to overall to ensure sustainable revenue.
revenues?
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Start Designing Your
Marketplace Business
Model
1. By understanding and addressing the key
components of a marketplace business
model canvas, you can create a successful
and sustainable marketplace.
2. Continuously adapt and evolve your
marketplace to meet the changing needs of
your customers and the market.
3. Thank you for your attention!
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